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financial fiascoes

Protection money is everywhere in society – but nowhere greater than in the relationship of Wall Street and Washington. And it all has to do with “asymmetrical payments”. For Wall Street bankers and investment houses, being able to dictate the…

This Monday there was a classic Larry Summers story. It started with an editorial in the Washington Post calling for tax reforms that would redress a fraction of the income inequality that has accumulated over the past 30 years in…

This is the best information by far on the nature of wealth in the USA and the series of problems spawned by ever-widening disparity in wealth. This has occurred before in the USA during the Gilded Age, then again in…

WhatNowCartoons The GOP has been attacking President Obama for all the Wrong Reasons: Benghazi Libyan embassy fight when the GOP had previously cut the State Departments defense funding. Or No New Taxes when there is general consensus that tax revenues have…

The NYTimes had a recent story, The Infinite Pool of Executive Pay. It is a little hit and miss. The report comes down on the increase of 18.7% percent in corporate perks. But then we also learn that overall median…

Tom Wolfe’s book Radical Chic & Mau-Mauing the Flak Catchers is about PR and Spokespersons who seemingly can turn any criticism to the advantage of their client. But “flak catcher” had a second nuanced meaning – those who bore the…

I dread reading the following headlines in the NYTimes or the Wall Street Journal – Gargantuan Fines Imposed on Wall Street Institution or Record Breaking Damages Inflicted on Bank. It might as well read => Hugest Biggest Historically Supercalifragilisticexpealidocious Compensatory…

David Einhorn, the tiny $7Billion Hedge Fund manager, has tweaked the nose of computing’s Goliath, Apple. Since a week Thursday, David has shocked the US business world with his direct, loud, and “uncivil’ attack on Apple’s huge cash hoard of nearly $130Billion. And…

The Hostess Twinkies demise is a business case study that also has political implications. I would love to see if any of the major Business Schools like MIT, Harvard, Univ. of Chicago have taken this defining case on. David Weidner…

No less an authority than the Economist shows that under Democratic Presidents the stock market has outperformed by a wide margin what was accomplished by Republican Presidents. And this GOP poor economic and stock market performance goes back 80…